NVIDIA Corporation (NVDA) : Ardevora Asset Management Llp reduced its stake in NVIDIA Corporation by 20.9% during the most recent quarter end. The investment management company now holds a total of 624,900 shares of NVIDIA Corporation which is valued at $37,306,530 after selling 165,100 shares in NVIDIA Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.NVIDIA Corporation makes up approximately 1.48% of Ardevora Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Finemark National Bank Trust boosted its stake in NVDA in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 515 shares of NVIDIA Corporation which is valued at $30,746.Neuberger Berman Group reduced its stake in NVDA by selling 475,687 shares or 27.43% in the most recent quarter. The Hedge Fund company now holds 1,258,521 shares of NVDA which is valued at $73,245,922. NVIDIA Corporation makes up approx 0.10% of Neuberger Berman Group’s portfolio.Kalos Management reduced its stake in NVDA by selling 17,044 shares or 23.53% in the most recent quarter. The Hedge Fund company now holds 55,383 shares of NVDA which is valued at $3,111,971. NVIDIA Corporation makes up approx 2.34% of Kalos Management’s portfolio.Meritage Portfolio Management reduced its stake in NVDA by selling 6,885 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 349,894 shares of NVDA which is valued at $19,128,705. NVIDIA Corporation makes up approx 2.08% of Meritage Portfolio Management’s portfolio.Central Bank Trust Co boosted its stake in NVDA in the latest quarter, The investment management firm added 96,160 additional shares and now holds a total of 97,460 shares of NVIDIA Corporation which is valued at $5,143,939. NVIDIA Corporation makes up approx 1.45% of Central Bank Trust Co’s portfolio.
NVIDIA Corporation closed down -0.06 points or -0.10% at $62.98 with 1,43,32,617 shares getting traded on Monday. Post opening the session at $63.11, the shares hit an intraday low of $62.1302 and an intraday high of $63.4964 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, NVIDIA Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.48. The company had revenue of $1428.00 million for the quarter, compared to analysts expectations of $1352.71 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on NVIDIA Corporation. Company shares were Upgraded by RBC Capital Mkts on Aug 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $47 .Company shares were Reiterated by Barclays on Aug 12, 2016 to “Underweight”, Firm has raised the Price Target to $ 54 from a previous price target of $40 .Company shares were Reiterated by Mizuho on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $60 .
NVIDIA Corporation (NVIDIA) is engaged in visual computing enabling individuals to interact with digital ideas data and entertainment. The Company is engaged in creating NVIDIA-branded products and services offering its processors to original equipment manufacturers (OEMs) and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming Enterprise High Performance Computing & Cloud and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Company’s GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers learning and big-data analysts; and GRID for cloud-based visual computing users. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.